While the company will see another day – however it will only be in name only as the bankrupt retailers has accepted a $21.5M bid from online-only home furnishings retailer Overstock.com.
Overstock, which was previously selected as the stalking-horse bidder for Bed Bath & Beyond’s bankruptcy auction, will buy some of the company’s intellectual assets, including its brand name, publicity rights, business data and digital assets.
The deal does not include Bed Bath & Beyond’s brick-and-mortar stores, which are in the process of conducting going-out-of-business sales. The company filed for Chapter 11 in April 2023 with plans to wind down its business.
Bed Bath & Beyond will conduct a separate sale for the assets of its BuyBuy Baby division, with an auction scheduled for this Wednesday, 28 June.
